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Mortgages & endowments

Archives for March 2015

Can we even consider moving?
I am after a bit of advice to whether we can even consider moving? We currently have a mortgage as well as a secured load (shows as 2nd mortgage on Experian) on our house. We bought our house when prices were high and now our house is worth significantly less and we are currently in negative equity. Our latest numbers are…
mortgage acceptance apply for new CC?
We have received a DIP and then got a full mortgage acceptance , but its £9k less than we need to buy our new house. We are able to get £5k ourselves and some family members have chipped in to help us get the other £4K. I’d like to pay them back as soon as possible and was considering taking out a loan a few months after…
Can i still get the property i want
I have a mortgage agreed in principal for 98k however the property I want is 145k. I a going to be using the government help to buy scheme where they give you 20% i would then be paying a 5% deposit which i believe can be matched for a first time buyer by the company building the property which is another 5%. so what ive…
Should I bother trying for a mortgage?
Me and my wife are expecting our first baby on September 1st. My credit files are slightly above average (Experian, Equifax). I have about £4800 outstanding debts, some of that on a very high interest credit card (35%). I have twice applied for credit cards with lower interest - both times I have been refused but the…
Flexible Mortagage and savings
I would appreciate some advice on the below. I have a flexible mortgage with First Direct (which I am very happy with) and at the moment offset all of my savings (approx £20,000) against my mortgage which has approximately £200,000 remaining. Due to a recent family death, my wife and I will soon be in receipt of…
agreed in principal
Hi We have had a mortgage agreed in principal for my partner, we went down this route due to my credit history. She is a midwife on 22k per year and has it agreed for 98k the property we want is 145k. If we were to put the £500 deposit for the plot as it is not built yet it's going to be ready in a years time does anybody…
Conflicting mortgage letters
I had a Lloyds staff mortgage at a concessionary rate which was (I understand) due to expire one year after leaving their employment, being April. In the absence of any letters prior to this I called to check and had it confirmed there was nothing on file to suggest my rate should end and there was no chance of it being…
Solicitor searches transferable?
Morning! FTB here. Received DIP, had an offer accepted, found a solicitor, full mortgage application currently with underwriters. Valuation has come back fine. Now the EA is asking me to instruct my solicitors to order the searches, but I gather this is not normally done before the mortgage has been finalised, for obvious…
Seriously... How hard is it to get a Mortgage?
I have a question if I may, How hard is it to get a mortgage? I have defaults against my name from 2010 and they seem to be affecting my history some what.. I have also had pay day loans as a friend told me that this would help my 'credit history' so I took two out over a couple of months and paid them back. I am on over…
Moving Home - Decreasing LTV
I'll be concise as I can.. When I move this time next year after fees etc i've worked out i will have 100k(ish) liquid, broken down to: • Profit from my current renovated property • Deposit at 37k (current LTV is 75% of 150k) • Capitol paid on current mortgage. Next year I will buy a house worth 170k to renovate again and…
Mortgage advice for those with Debt
Hi, I wondered if someone could give me some quick advice :rotfl:. Me and my partner currently live with a parent, the house is up for sale and when it is sold we will be gifted around £18000. I have approx £14000 in debt. Our joint income is 40k, we have around £600 spare a month as we pay extra on the parents debts to…
Solicitor not on lender panel
Hi I posted before about this problem but that was around 4 weeks ago!! The solicitor has been trying but is still not on the panel because they're not providing sufficient documentation. They haven't started searches on our purchase but have received a draft contract from our seller's solicitors. I'm thinking we need to…
Advice on a Mortgage AIP
Hopefully somebody on here may be able to give me some advice on my problem. Currently involved in a divorce and have just had our first Court date ( the FDA ) and one thing I've been instructed to get are 2 different Mortgage Agreements In Principle to give to the Court. As it stands at the moment myself and my ( soon to…
how can I get a mortgage if I own a property above with negative equity?
Hello, Thank you beforehand for any help and advise. I bought a house in Portugal in 2004. I then moved to the uk and in the meanwhile with the economic crisis, house prices in Portugal crashed down. So, although the house value is currently around 50 000 Euros, I still owe the bank 80 000! I rent the house for 350 Euros…
Is this mortgage Application even progressing?
Every week Newcastle BS are coming back for documentation and dragging things out. Everything they have asked for so far! - Last 3 months payslips - p60 - Employment refrences of the last 2 years. - A full copy of Experian credit report. And all the basic information like ID Address history etc. Just seems like they are…
What to expect from my mortgage broker?
Hi there, New to forums although I've been reading through pages and pages of threads as I'm currently in the process of applying for a mortgage and stressing about it considerably. I am using a large, fee free broker as recommended on this site (not sure if I can say name!) and I'm beginning to worry I've made the wrong…
Halifax Remortgaging
Hi All My wife and I have a mortgage with the Halifax and have been on their standard variable rate since feb 2010 - 3.99%, we have had a quote for remortgaging with them for a fixed rate of 2.89% but our application has been unsuccesful. They have said that the issue is that Mrs Webdesigner will be borrowing into…
Best buy tables, how do I get the cashback?
Hi guys, my mortgage product is due to expire in a few weeks (current lender only gave me 5 weeks to prepare despite phoning to get quotes several times) On the best buy tables I can see a decent offer but it includes cashback, when I click on the deal with actual provider it is nowhere to be seen, anyone able to help?!?…
Mortgage advice- historic bad credit
Apologies if this is a question that has been asked here many times before however I have just returned from a meeting with a mortgage broker and I'm feeling a little bit confused! My partner and I went in for an initial chat with a broker about what options would be available to us regarding moving and buying a new home.…
Mortgage Discharge Scotland
In the fortunate post'n to pay off my mortgage with Barclays/woolwich but believe the process may be different up here in scotland. I phoned Barclays today and they are sending out a final redemption figure in the post, now I asked when I pay the final amount the "deeds" and a covering letter will be sent to my home…

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